Honeywell International Inc. (NYSE:HON) had its price objective cut by investment analysts at Citigroup Inc. from $131.25 to $128.00 in a research note issued on Monday. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s target price suggests a potential upside of 19.69% from the company’s previous close.

Several other brokerages also recently issued reports on HON. Credit Suisse Group AG restated a “hold” rating on shares of Honeywell International in a research note on Saturday, July 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $113.00 target price on shares of Honeywell International in a research report on Thursday, August 25th. Morgan Stanley set a $130.00 target price on Honeywell International and gave the stock a “buy” rating in a research report on Monday, August 22nd. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Stifel Nicolaus reduced their target price on Honeywell International from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, July 25th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Honeywell International currently has a consensus rating of “Buy” and an average price target of $122.95.

Analyst Recommendations for Honeywell International (NYSE:HON)

Shares of Honeywell International (NYSE:HON) traded up 0.1956% during trading on Monday, reaching $107.1492. 5,760,462 shares of the company were exchanged. The stock has a 50-day moving average of $115.34 and a 200 day moving average of $115.12. The stock has a market capitalization of $81.53 billion, a P/E ratio of 16.9513 and a beta of 1.05. Honeywell International has a 52-week low of $93.71 and a 52-week high of $120.02.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.02. The business had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $10.13 billion. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. Honeywell International’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $1.51 earnings per share. On average, equities analysts anticipate that Honeywell International will post $6.68 earnings per share for the current fiscal year.

In other news, Vice Chairman Andreas Kramvis sold 1,850 shares of the business’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $114.80, for a total transaction of $212,380.00. Following the completion of the transaction, the insider now directly owns 66,441 shares in the company, valued at approximately $7,627,426.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Timothy O. Mahoney sold 600 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $116.29, for a total value of $69,774.00. Following the transaction, the insider now owns 68,398 shares of the company’s stock, valued at $7,954,003.42. The disclosure for this sale can be found here. Insiders own 1.83% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. WASHINGTON TRUST Co raised its position in Honeywell International by 10.8% in the first quarter. WASHINGTON TRUST Co now owns 4,033 shares of the company’s stock valued at $452,000 after buying an additional 394 shares during the last quarter. Icon Advisers Inc. Co. raised its position in Honeywell International by 25.9% in the first quarter. Icon Advisers Inc. Co. now owns 91,540 shares of the company’s stock valued at $10,257,000 after buying an additional 18,840 shares during the last quarter. Brick & Kyle Associates raised its position in Honeywell International by 1.5% in the first quarter. Brick & Kyle Associates now owns 6,559 shares of the company’s stock valued at $735,000 after buying an additional 100 shares during the last quarter. CIBC World Markets Inc. raised its position in Honeywell International by 23.4% in the first quarter. CIBC World Markets Inc. now owns 11,566 shares of the company’s stock valued at $1,296,000 after buying an additional 2,190 shares during the last quarter. Finally, Addenda Capital Inc. raised its position in Honeywell International by 0.3% in the first quarter. Addenda Capital Inc. now owns 56,104 shares of the company’s stock valued at $6,285,000 after buying an additional 166 shares during the last quarter. Institutional investors own 76.50% of the company’s stock.

About Honeywell International

Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.

5 Day Chart for NYSE:HON

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